Open ICICI
3-in-1 Account
Manage your Savings, Demat and Trading Account conveniently at one place
Manage your Savings, Demat and Trading Account conveniently at one place
News: JK Cement in its press release said that it has commissioned 2 MT grey cement capacity out of the proposed 5.5 MT announced earlier. It commissioned 0.5 MT capacities each at Mangrol, Muddapur, Jharli and Alighar. Post the recent commissioning the capacity is now at 20.7 MT
Views: Post recent commissioning of new plant in Panna (4 MT), the company had announced the next phase of expansion of adding another 5.5 MT GU capacity with total capex of | 1161 crore. On a per tonne basis, this works out to capex of only $26/tonne. This will help boost return ratios, going forward. The company is aiming to reach 25 MT capacity by FY25E and has identified the Uttar Pradesh and Madhya Pradesh markets for the said expansion
Impact: Positive